Guess whoโs staying home this summer โ๏ธ๐คฆโโ๏ธ
Today $3.25T was wiped from the markets, with $1.75T erased from US stocks, nearly $1T from gold, $300B from silver and another $200B from crypto.
The Nasdaq plunged 4.18% to 25,709.43, its worst day since the April 2025 tariff-driven selloff, while the S&P 500 fell 2.64% to 7,383.74.
Among the biggest losers in the stock market were semiconductor names, with Marvell (-13.7%), Micron (-13.3%), Super Micro (-11.0%) and AMD (-10.9%) leading the decline. Several other AI-linked and growth stocks also finished sharply lower.
Bitcoin fell below $59,100 for the first time since October 2024, while Ethereum dropped under $1,600
This led major assets lower with losses exceeding 10%. Solana, Avalanche, Zcash and Sui were also among the worst-performing cryptocurrencies as the selloff spread across the market.
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